An Advantage of ________ with a Local Partner Is the Knowledge

question 85

Multiple Choice

An advantage of ________ with a local partner is the knowledge of the local environment that the local partner contributes to the venture.

• A) turnkey contracts
• B) licensing contracts
• C) joint ventures
• D) wholly owned subsidiary contracts

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Definitions:

Collective Mark

A trademark or service mark used by the members of a cooperative, association, or other collective group to indicate membership in the group.

Palming Off

A form of trademark infringement where a seller misleads consumers into believing their products are those of another brand.

Unfair Competition

Dishonest or fraudulent rivalry, especially in business practices, that harms other competitors or consumers.

Collective Mark

A trademark or service mark used by members of a group to indicate membership or certify the origin, material, mode of manufacture, quality, or accuracy of their goods or services.